Webmasters Toolkit

AUTOPAY Automatic Payment Solution is a product developed for recurring payments and direct debits/credits. The solution provides an efficient and effective online real-time platform for managing payments to or from many beneficiaries, by transferring funds between accounts based on standing orders or schedules.

AUTOPAY enables Organisations to make mass payments to multiple recipients or beneficiaries. It has feature to store banking details for ease of re-occurent transactions such as paying Staff salary, Vendor Payments, Distributors,co-operative members and other stakeholder payments. It is highly flexible, the beneficiaries get paid quickly, an email notification is sent upon completion and payments can even be tracked when necessary.

The beneficiaries have to be uploaded before bulk payment uploads can be made. A beneficiary needs to be uploaded only once into the system.

Organisation can choose to manually upload an excel document to AUTOPAY; and the system will do the splitting for payments to respective Bank accounts. The can work as a standalone or integrated to your existing solution.

Specifically, AUTOPAY support synchronisation with ERP and other applications backend – if an organisation has existing software, portal or infrastructure to connect it with.

How It works

AUTOPAY comes with a transaction manager that fetches a particular batch of transactions and loads it in the transaction schedule. Through the Interswitch network, the customers (e.g. employers) account is fetched (in this case) from the database of the organization and is debited on due date at the Interswitch member bank where his account is domiciled.

The database must also have the names of the employees, the bank where their accounts are domiciled and their account numbers. The employees are required to have accounts in any Interswitch member bank. Presently all the major banks in Nigeria are on the Interswitch network.

When a debit is unsuccessful, the solution attempts it periodically for a pre-defined number of times. A schedule of both successful and unsuccessful payments is produced in a customer-defined format.

HOW TO PROCEED

To be setup on AUTOPAY, Fladio International Nigeria Limited can help you facilitate the entire process swiftly and fast; using our strategic partnership with Interswitch. We will provide you relevant forms, documentation and support – FREE of charge. Contact us today for further inquiries, via: info@ediaro.com, call (+234) 080-9502-9999.

About Fladio International Nigeria Limited

For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.

Receiving payments from customers is an essential requirement of businesses across the world. Consequently, an efficient collections system is regarded as a critical requirement for most businesses in this 21st Century. Paydirect is a multichannel revenue collection, monitoring and reporting solution. It facilitates the collections of payments from customers through multiple channels (Bank Branch, Web, ATM, etc.) accepts cash, cheque, internal transfer & card payment options.

It is a PC-based electronic payment solution designed for secure commercial transactions between an organization and its dealers/distributors. It leverages on the online, real-time integration between the banks and InterSwitch to provide an effective payment solution.

The system provides an online reporting console to enable your organisation monitor payments made to it realtime. Another unique feature is a that it provides a centralized view of payment made across various channels so as to provide the Organisation information on the need to know basis.

Paydirect allows you to receive payment via your customers internet banking website,by visiting any Bank Branch in Nigeria, making payment on Interswitch Quickteller enabled ATMs, Quickteller.com, or at your Offices. (Please note, that International transfers are not supported.)

And lastly, it make it convinient for payers to make payment to you from virtually all Commercial and even some Microfinance banks in Nigeria.

Value Proposition

Tried & tested solution

The solutions is tried and tested; been in use for over 12 years

The solution is currently being used by many State Governments for Internally Generated Revenue (IGR) and Federal Government

The solution can be customized to meet the requirement of your Organisation

It introduces transparency into the payment process thereby eliminating loopholes for fraud or cheating

It eliminates the need for manual reconciliation at the Organisation before customer can receive value for payment

It introduces efficiency into the payment process and guarantees improved customer delivery

It guarantees shorter transaction cycle

Provides relevant business intelligence information

HOW TO PROCEED

To be setup on PAYDIRECT, Fladio International Nigeria Limited will help you facilitate the entire process swiftly and fast. We will provide you relevant forms, documentation and support. Contact us today for further inquiries, via: info@ediaro.com, call (+234) 080-9502-9999.

About Fladio International Nigeria Limited

For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.

Receiving payment on your website in Nigeria is now the new trend, from Membership management to restaurant, from online shopping mall to downloadable product and many more. But there is more that can be done to compliment receiving payments online – which will have direct impact on your revenue, customer base and corporate branding.

Specifically, when your target audience are Nigerian customers, we can facilitate deployment of Webpay online payment gateway for you to receive local Verve, Mastercard and Visa cards and even compliment it with other professional services FREE of charge.

This gateway has many advantages among which are:

Lower Shopping cart abandonment rate:
As a global standard, the less time your customers spend when about to make payment to you, the more likely they will complete the payment process. So it’s best to minimise the time customers spend when they want to pay you onilne. Unfortunately, many payment procesors makes this process longer – because they are middlemen. When this occurs, you have a high tendency of losing customers constantly.

Webpay will solve this problem easily, as the process has been simplified. Infact, after customers might have filled the forms on your website, they will proceed straight to where they will enter their card details and click pay; voila, the transaction is complete.

Nationwide Publicity thru the Banks:
When we deploy webpay for you, we will take extra time to facilitate it with Verve Card rewards system – FREE of charge. This reward will make it easy for you to enjoy Nationwide publicity and sales from all the Nigerian Banks issuing the card. Upon enrolment, All Nigerian banks will send email and SMS text message to their customers to order on your website or store and get a discount. Invariably, you will give the same money you are giving to advertisers to place advertisements directly to customers; who will give word of mouth adverts – when they use their ATM card and get a percentage discount (e.g order on yourwebsite.com and get 5% discount, offer ends 1st January 2017).

When you enrol for this reward programme, your brand name will be more known and respected, Customers get familiar with your organisation and instil trust (which is important in this part of the world), you get more sales, nationwide expansion of your products or services among others.

With firm relationship with 20 commercial banks in Nigeria and Over 20 million cards issued, your Advertisement will reach most Nigerian banking customers easily.

The Benefits of Verve rewards includes:

New customer acquisition

Increase in customer retention

Increase in customer spend and transaction frequency

Enhanced brand visibility and affinity

Provision of analytics and business Intelligence reports on customers spending behavior to create unique offers that’s unknown to competition

Rewards earned at partner merchants can be spent on your Website or instore with POS.

COMPONENTS OF VERVE REWARDS
Verve Rewards comprises of Cashbacks, Instant Discounts and Sweepstakes.
CASHBACK
Cashbacks are earned when Verve cardholders make payments using their cards on Webpay or on POS at partner merchant locations. Cashbacks earned can be accumulated for every payment made and used to make payments at a future date with any of our partner merchants.

INSTANT DISCOUNT
Instant discounts are enjoyed when Verve cardholders make payments for goods or services at partner merchant locations at a discounted price not the displayed retail price.

FREEDOM OF BANK CHOICE

Using interswitch webpay makes it easy for you to choose which bank you want to use to receive all your payments made to you. At setup, you will enter the Bank details you want your payments to be credited to. Sometimes, the bank relationship has to be changed, sometime due to poor service, fraud,inability to support your business among others, you don’t need to be tied to a particular bank indefinately, so if later you want to change your bank (similar to porting form MTN to etisalat telephone line) , all you have to do is contact interswitch to change the bank your funds will credited to and and supply them a new bank account detail, and voila your money goes to the new bank. Infact, you will not have to work with any codes adjustment before your bank will be changed.

Meanwhile, if you are using a particular Bank payment gateway, if you are leaving the bank, you forfeit the money paid for setup with that bank completely. Also, you will have to re-integrate the new bank gateway to your website, mobile apps (android, ios, windows, blackberry) among others.

Lower Transaction Charges
When you use Webpay, we will give advise to you on complimentary solutions that will reduce your Bank charges
and transaction processing fee by as high as 50%. Cutting cost as you may be aware means increasing your profitability. This is most usefull especially when you make many payments to Vendors, Staff salaries, Distributors etc. Amazingly, some of the solutions has Zero Deployment cost.

Discounted/FREE Integration to your Website
Depending on the nature of your business and/or track record, we can help you with the integration of Webpay to your Website, Web portal, mobile app (android, ios, windows Blackberry world) and other technologies to start receiving payments . We offer this services at a discounted rate or even FREE of charge sometimes to Interswitch customer – if we understand the nature of your business.

In addition, we can work with you to simplify the Interswitch Test to Live mode certification process. We will guide you thru till you begin receiving card payments on your website.

FREE Professional Guide

Going thru the paper documentation, gathering relevant data and others can be an herculean task sometimes. We will work directly with you to guide you on this, and even advise you on how to navigate technical and programming parts easily. Over the years working with many clients, we have prepared draft templates and letters you can easily edit with your company details to fast track the process. We will offer this service FREE of charge to our customers.

About Webpay

Webpay is an online payment processing platform in Nigeria. Infact without Webpay as it is popularly called, there is very little that can be done in online payment processing in Nigeria – because most Banks are relying on it to receive online payments. Webpay has over 5000 customers using the gateway to receive payments. The gateway support Verve cards, Visa and MasterCard.

To use the Interswitch WebPAY for accepting payment online, the customer has to register and be setup on the gateway in demo mode. Afterwards, the customer will go through a certification process, once this is passed, they will be migrated to a live mode and can start accepting real transactions on their website.

To be enrolled, the customer require a bank to generate Merchant ID for the customer on their platform – before Interswitch will then synchronize them together.

Although the setup process is a bit long and also uses a DIY integration document, the payment processor has also partnered with many developers including ediaro.com (Fladio International Nigeria Limited) to assist customers thru the process.

Merchant have the benefit of creating an account and linking their card, afterwards, they can make payment with the login details. Leveraging on their Subsidiary Card Company Verve International, Webpay customers also have the opportunity of enjoying VERVE REWARD program to give discount for customers. Upon been enrolled on the scheme, we can facilitate the Merchant can enjoy free advertisements as Verve will advertise their products and services online, at partnering stores, Banks bulk email and SMS to their customers among others Verve/Interswitch advertisement channels. ediaro.com, can help you facilitate this entire process.

PROS

Customer is not mandated to have account with a specific Bank before he/she will be able to use the platform – virtually all Nigerian banks accepts Interswitch to process their payment.

The payment processor are the major processor in Nigeria, hence, virtually all Banks will have to relate with them for all settlement issues related to using Interswitch cards and WebPAY platform.

They have partnered with developers to facilitate the integration process, such as ediaro.com (Fladio International Nigeria Limited).

WebPAY has other complimentary products that can be added, in addition to receive payments from customers. Some are used to make payments, give reward to customers, receive payment from multiple channels. Some of the other channels includes Collegepay Bank Branch, Collegepay Web, Collegepay Aggregator Scheme, Paydirect Bank Branch, Paydirect Web, AUTOPAY, Quickteller among others.

About WebPAY
WebPAY is an Internet Payment Gateway developed by InterSwitch to facilitate payments on the Internet using debit cards issued by member banks on the InterSwitch network.

WebPAY plugs-in seamlessly with existing websites and acts as a bridge between a merchant’s website and financial institutions (banks) to process payment transactions. Customer card details are captured online via WebPAY in order to make purchases on the merchant’s site. The card details are sent in an encrypted manner to InterSwitch for real-time authorization at the issuing bank.

WebPAY integrates directly unto customers website enabling funds to be received into their account, but no elaborate reporting is provided. Paydirect – Web (without reporting) offers cash deposit information and is often the product of choice for medium and small businesses.

Most Nigerian have an Interswitch card or local MasterCard (which comes with Interswitch), hence virtually all Nigerian banks have an Interswitch license for processing Interswitch cards Online and thru other platforms such as POS, ATM etc.

HOW TO PROCEED

To be setup on WEBPAY, Fladio International Nigeria Limited can help you facilitate the entire process swiftly and fast; using our strategic partnership with Interswitch. We will provide you relevant forms, letter draft templates, documentation and guidance – FREE of charge. Contact us today for further inquiries, via: info@ediaro.com, call (+234) 080-9502-9999.

About Fladio International Nigeria Limited

For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.

Nigeria, the Giant of Africa is really a place to have a successful online business. Infact, targeting Nigeria for any ebusiness is not likely going to fail because with a huge population of over 170million; change in political landscape, growth of banking sector and telecommunication industry, Schools introducing web portals and accepting debit/credit card payment for payments and general growth in online business – no doubt anybody with sound online business acumen who invest in Nigeria ecommerce industry in 2016 and receiving card payment is likely going to succeed merely by targeting Nigerian audience properly, even without an international target audince.

Nigeria merchants are getting to know more about online payment processing. Infact, many youths now understand that whenever you want to sell online, you need a payment processor to actually process the transactions. Since, the industry is just evolving, merchants need to sign up for a merchant/corporate account with a Bank and use their payment gateway to process payments which are the most reliable form of receiving payments in Nigeria.

Unfortunately, using a Bank as a payment processor come with so many hassle, that’s why Payment aggregators combine these functions, and simplify the entire account setup, Certification and KYC process, but in return charging extra than a standard Bank payment gateway.

Nigerian online payment processing industry is growing rapidly when compared to our 2014 and 2013 reviews, so many Nigerians, Nigeria companies and multinational payment processors and aggregators are striving to penetrate Nigeria payment processing industry. Infact, more than before receive highest level of client request to hire ediaro.com to setting up their payment gateway/aggregator successfully in Nigeria and also assist in facilitating license, technical, marketing and legal processing.

2016 is projected to be more expanded as Nigerians are rapidly adopting the epayment especially with the Treasury Single Account (TSA) of the Federal Government. Virtually all Ministries, Agencies, Schools, Departments are paying thru one online platform or the other using the Federal Government licensed partner REMITA developed by SystemSpecs Limited for collecting payments on behalf of the Federal Government.

One thing is uniform for virtually all payment gateways and aggregators – incomplete settlements. So merchant are strongly advised to always reconcile the amount on the transaction log, payment gateway log and compare to the amount credited to their Bank – else so many funds will be hanging, especially when the transaction volumes are huge. The merchant will have to take time to do this or dedicate someone to do it. Among the major thing that determines our rating is the time taken by the payment processor/aggregator to resolve customers issues and prompt settlement to customer fund to their nominated Bank account.

The rate of internet fraud using stolen or hacked international debit/credit cards on our payment gateways has become very alarming as it has cost payment processors and aggregators Millions of Dollars over a very short time. Some Banks and processors has to upgrade their security features, some deactivate all accounts on International payment processing, others request for extra due diligence and revalidation of the Merchant KYC – to be on the safe side. An interaction with some Banks Payment processor Product Managers, Payment processors and Payment aggregators reveal that this fraud come in different forms ranging from Non Governmental organisations (NGO), Online downloads website, ecommerce among others. So this has made getting international card acceptance difficult in some cases and customers in this industry should understand when they take their time to verify genuity of the Merchant before signing them up for International card acceptance.

Most of the payment processors and payment aggregators fail woefully in customer support, they need to understand the impact of excellent customer service and deploy relevant hardware and software – to offer dedicated support. If they want to focus on the technical part, they can outsource the support to an IT company who will be willing and able to assist customers having coding and other technical questions.

For example, we use to offer this service to United Bank for Africa customers on their UBA UCollect. We assist them to resolve Coding and Integration problems, Secured Socket Layer (SSL), work with the Customer programmer to guide them and even handle overall website development which is the core agreement we signed with the Bank. Hence, the Bank doesn’t need to bother about the technical coding issues (which they are not supposed to be doing) – they direct them to us.

So a Bank can adopt such a style or consider hiring a developer on a retainership consultancy basis. Their mandate can cover training of their staff in house, deploy relevant infrastructure to ensure good technical support, resolving integration issues, financial support for reconciliation of customers – website log, portal transaction log vs Bank account statement, deployment of hardware, telephone call centre, softwares among others – hopefully they will start getting it right soon.

Amazingly, we discover that some Nigeria Payment processors and aggregators such as Simplepay and Voguepay has the feature to manage recurrent billing – enabling your customers and members make payment with automatic recurring billing and subscription on merchant website. Customers wouldn’t have to enter their Debit/Credit card details every time they want to make payment or renew their subscription as the system stores it. This is good for premium site content subscription, newsletter fees, club dues and recurring donations.

1st Position.GTBank GTPayediaro Review
GTBank GTPay maintain the 1st position three times in a row. The gateway has over 4000 customers using the gateway to process local and international transactions.

Guaranty Trust Bank Plc Approval for international card acceptance policy has been reviewed. To activate GTBank GTPay for international card acceptance, the customer has to open and maintain a corporate domicilliary account for 6 to 12 months, before been approved. This is quiet annoying, as the Bank did not inform existing customers about this nor tell new customer it would not be possible at point of submitting the GTPay form. A new customer of the GTBank we integrated GTBank GTPay to his website and completed the GTBank and Interswitch certification process with the hope of accepting International and Local cards got stucked; when he discovered the bank only activate them for local cards; and international acceptance require them to open a Domicilliary account and run for at least 6 months.

We contacted some web developers and programmers to ask their opinion about GTBank GTPay integration. They complain that the certification and approval process is quiet long and lengthy. Amazingly, after passing thru this whole process of GTBank GTpay, proceeded to Interswitch for certification, GTBank team are supposed to move the site to Go live stage. Amazingly, they just delay/stall the whole process indefinitely for no justifiable reason. We experimented this with integration of GTBank GTPay for a client – we confirm this is true.

PROS

GTPay customers commend that the Bank gateway is competitively better than the alternative

The bank has a dedicated Email to handle GTPay issues, so makes issues resolution more direct via emails.

GTBank GTPay support Nigeria and International cards

GTBank GTPay is much more stable.

CONS
Long process for GTBank GTPay and Interswitch certification process. After Interswitch approval, GTBank security team has to re-approve before the customer can go live , and they are known to delay the process. This mean no definite time to go live to receiving card payments online, even after passing both process.

Customer must maintain a corporate domicilliary account for at least 6 months before they can get activated for GTBank GTPay international card acceptance

The Bank need a dedicated customer service telephone for GTPay to improve their response to customers. Some of their customers don’t even put their phone numbers in their email signature.

The Bank need more experienced technical staff (preferably programmers) to advise them on technical impact and security during certification processFEESSetup Fee
N75,000 (Seventy Five Thousand Naira)

About GTBank GTPay
GTPay is a secure internet payment gateway developed to facilitate payments online using debit Cards issued by banks on the Interswitch Network. GTPay plugs in seamlessly with the existing websites of customers and acts as a bridge between the customer’s website and financial institutions (Banks). The payment solution,
Provides a convenient alternative payment channel to all customers

Enables cardholders to pay merchants (our customers) for internet purchases of goods and services from the comfort of their offices/homes by supplying details of their local debit/credit cards

Reduced sign-on fee: GTBank is a certified developer partner so we take on GTPAY integration for our merchants and as such the integration fee is waived for them.

BENEFITS

Convenient means of payment

Acceptance of both local and international cards

Global reach for merchants

Increased sales

Promotes cashless transactions

Instant value for successful transactions

Guaranty Trust Bank Plc (GTBank) Corporate Information

Guaranty Trust Bank plc is a foremost Nigerian financial institution with vast business outlays spanning Anglophone/Francophone, West Africa, East Africa and the United Kingdom.

The Bank presently has an asset base of over 2.54 Trillion Naira, shareholders funds of over 385 Billion Naira and employs over 10,000 people in Nigeria, Cote d’Ivoire, Gambia, Ghana, Kenya, Liberia, Rwanda, Sierra Leone, Uganda and the United Kingdom.

The Bank has a strong service culture that has enabled it record consistent year on year growth in clientele base and key financial indices since its inception in 1990.

Guaranty Trust Bank is recognized as one of the most profitable and well managed financial institutions in Africa for providing quality service, ethics, professionalism, integrity, innovation and internationally accepted corporate governance standards.

2nd Position STANBIC IBTC Bluepay (CIPG & MIGS) ediaro Review
Stanbic IBTC Bank payment gateway jump on the list to 3rd position on this year review. This are attributed greatly to the performance of other payment gateways and restrictions they place on accepting international cards on their gateways; which Stanbic IBTC simplifed. Stanbic IBTC Bank has two payment gateways: Consolidated Internet Payment Gateway (CIPG) and MasterCard Internet Gateway Service (MIGS). The two payment gateways of the bank have fantastic features, CIPG to us is a basic payment gateway, while the MIGS have extra premium features.

CIPG (Consolidated Internet Payment Gateway)- It is a secure payment gateway powered by Interswitch that
facilitates collections via a merchants website. CIPG support merchants receiving payments via multiple card variance cards; including MasterCard, Visa, Verve, and Etransact. It also allows receipt of payment via direct bank transfers with the use of CentralPay which rides on NIBBS instant payment platform. It clears and settle the funds to the customers/merchant Stanbic IBTC account. The cost of this payment gateway is cheaper than many banks gateway currently (excluding UBA UCollect which is free).

MIGS (MasterCard Internet Gateway Service) is the premium version of the CIPG. MIGS enables Merchants to process local and international cards using the MasterCard platform. As a premium service, It offers segregation of local and international transactions which makes processing easier, support selective profiling per risk level for merchants and comes with unique Payments Processing features; among which are: Purchase – outright authorization & settlement, Pre-Auth & Capture – Authorize now pay later, Void/ Reversals – Before settlement, Refunds – After settlement, Tokenization – card storage in the form of a token which would be used for future transactions, Recurring payments – Merchants can set recurring payments with historic data of the initial transaction done by card holder.

Another thing is the Security and Fraud Solutions that comes with MIGS; such as: Fraud screening – it offers a basic gateway fraud prevention tool which allows the Bank control merchants acceptance based on the type of transactions, black-list look-up and behavioural pattern blocking. Cardholder verification: MasterCard secure code, Verified by Visa, J/Secure (JCB), Enable 3D secure blocking.

During the cause of of our review, test, experimentation, integration and interaction with the customers actively using it, we discover that the gateway have good support for support their gateway. Setup for international cards is fast and seamless. Though some customers complain of downtimes, recent decline of cards (especially international cards) and settlements are delayed which is greatly affecting their business especially when they have to pay their vendors and suppliers weekly. When we contacted the bank they said they are already making some improvements on the gateway.

PROS

The Bank make collecting local and international transactions for merchants very easy to setup.

The Gateway support Verve, Visa and MasterCard.

The Bank has payment gateway is relatively cheap among Banks online payment gateway (excluding UBA UCollect which is free)

The Bank is holding on to the fund of their customer that was processed on the platform; due to suspicion of fraud. Amazingly they are requesting for the Bank Statement, cardholder sending email to card issuing bank that they wouldn’t initiate chargeback among others – this are way too complex and long.

The Bank needs to respond to inquiries and complains faster. Prefferably have a dedicated telephone line for support; and share with customer at setup phase.

The bank need to fix delayed settlement issues and rejection of some cards for international transactions.

MIGS has a flat rate monthly transaction fee of N5000 (Five thousand naira only) which will be incurred either the organisation/merchant is using the gateway or not; is quiet discouraging.

Stanbic IBTC Bank Plc Corporate Information
Stanbic IBTC is a leading provider of integrated financial services, pensions and wealth management products and services.
Our personal and business banking solutions let you spend more time living and less time banking. Our people and technology will help you move forward.
We offer all our clients a wide range of personal and commercial banking products through over 180 branches spread across every state in Nigeria and our online banking platforms.
We offer current, savings, and domiciliary accounts; personal loans, car loans and asset financing; MasterCard debit cards, Visa credit cards; home loans; internet banking; accounts for SMEs and the award-winning *909# MobileMoney.
We cater for individuals and businesses through carefully designed retail and business banking products. We also offer self-service channels powered by sophisticated technology to bring convenient banking to customers.
Our clients can also get custodial services through Stanbic Nominees Nigeria Limited, our custody arm and non-pension asset custodian, acting in a nominee capacity for clients’ transactions in securities and other investments.
We are a key player in financial inclusion and are poised to take banking to the doorsteps of our customers; taking care of the banking needs of different categories of persons and businesses.

Stanbic IBTC Bank is a Member of The Standard Bank Group, Africa’s largest banking group by assets and market capitalization, has been in operation for 153 years and has direct, on-the-ground representation in 20 African countries. Stanbic IBTC Holdings Plc is a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

3rd Position. Interswitch Webpay ediaro Review
Interswitch WebPAY move up from 4th in 2014 to 3rd Position in 2015. As we call them, they are the Grandfather of online payment processing in Nigeria. Infact without Webpay as it is popularly called, there is very
little that can be done in online payment processing in Nigeria. The company has over 5000 customers using the gateway to receive payments. Their gateway support Verve cards, Visa and MasterCard.

Interswitch Limited process online and offline for virtually all commercial banks in Nigeria. To use the Interswitch WebPAY for accepting payment online, the customer has to register and be setup on the gateway in demo mode. Afterwards, the customer will go through a certification process, once this is passed, they will be migrated to a live mode and can start accepting real transactions on their website. To be enrolled, the customer require a bank to generate Merchant ID for the customer on their platform – before Interswitch will then synchronize them together.

Although the setup process is a bit long and also uses a DIY integration document, the payment processor has also partnered with many developers (including ediaro.com) to assist customers thru the process.

Customers have the benefit of creating an account and linking their card, afterwards, they can make payment with the login details. Leveraging on their Subsidiary Card Company Verve International, Webpay customers also have the opportunity of enjoying VERVE REWARD program to give discount for customers. Upon been enrolled on the scheme, customers can enjoy free advertisements as Verve will advertise their products and services online, at partnering stores, Banks bulk email and SMS to their customers among others Verve/Interswitch advertisement channels.PROS

Customer is not mandated to have account with a specific Bank before he/she will be able to use the platform – virtually all Nigerian banks accepts Interswitch to process their payment.

The payment processor are the major processor in Nigeria, hence, virtually all Banks will have to relate with them for all settlement issues related to using Interswitch cards and WebPAY platform.

They have partnered with developers to facilitate the integration process.

WebPAY has other complimentary products that can be added, in addition to receive payments from customers. Some are used to make payments, give reward to customers, receive payment from multiple channels. Some of the other channels includes Collegepay Bank Branch, Collegepay Web, Collegepay Aggregator Scheme, Paydirect Bank Branch, Paydirect Web, AUTOPAY, Quickteller among others.

WebPAY is an Internet Payment Gateway developed by InterSwitch to facilitate payments on the Internet using debit cards issued by member banks on the InterSwitch network.

WebPAY plugs-in seamlessly with existing websites and acts as a bridge between a merchant’s website and financial institutions (banks) to process payment transactions. Customer card details are captured online via WebPAY in order to make purchases on the merchant’s site. The card details are sent in an encrypted manner to InterSwitch for real-time authorization at the issuing bank.

WebPAY integrates directly unto customers website enabling funds to be received into their account, but no elaborate reporting is provided. Paydirect – Web (without reporting) offers cash deposit information and is often the product of choice for medium and small businesses.

Most Nigerian have an Interswitch card or local MasterCard (which comes with Interswitch), hence virtually all Nigerian banks have an Interswitch license for processing Interswitch cards Online and thru other platforms such as POS, ATM etc.

Interswitch Limited Corporate Information
Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis.

The company started operations in 2002 as a transaction switching and electronic payments processing company Interswitchng new that builds and manages payment infrastructure as well as deliver innovative payment products and transactional services throughout the African continent.

Today, Interswitch is at the forefront of creating intuitive ways to pay and transact using digital technologies. We see the distinction between traditional channels and customer touch points like bank branches, ATMs, POS Terminals, Kiosks, PCs, etc., gradually fading and giving way to a set of digital cloud services that can be assessed anywhere and anytime using mobile devices and wearables and delivering payment experiences like never before.

Our solutions and services are secure. They provide convenience and real value for consumers. They also reduce costs, improve operational efficiency as well as drive sustainable revenue growth for institutions.Website: www.interswitchgroup.com

4th Position 2Checkout ediaro Review
2Checkout (2co) is an America based company, allowing Nigerian and other International Merchants to receive payments from customers using their Visa, MasterCard, Discover, American Express, Diners Club, JCB, PIN debit
cards and PayPal.2Checkout has been around for the past 14years, they have served over 50,000 Sellers across the globe. In addition to this, experience has taught them to build 300+ Fraud rules built over time and have also met PCI Level 1 compliance.

A merchant can choose to receive Payments in their preffered currency (e.g United States Dollar if set as default currency) at the admin backend. This is a solution to many Nigerians and International customers requesting for simplified payment option that will display USD or other preffered currency at checkout. Upon settlement of fund and maturity, the Merchant can request to receive funds in their Nigerian domicilliary account or transfer to their Payoneer MasterCard (which can be withdrawn at ATM machines or spent to place order online).

Since many Nigeria Banks now give customers International Visa and MasterCard tied to their usual Savings and Current account, Merchants can use the payment gateway to receive payment from Nigerian customers, only that it takes a longer time to access the fund.

Getting Started is quiet different from conventional Nigerian payment processors and aggregators. The Merchant has to setup a FREE 2checkout Merchant account by submitting an application. The application will be processed and the website will be reviewed by 2co underwriting team. During the review, they will look at the products and services, review the marketing techniques, understand the pricing, review the checkout process, refund and privacy policy). If the application is approved and the website is up and running, Merchant can start selling with 2Checkout.PROS

2Checkout Corporate Information
A worldwide leader in payment services, 2Checkout maximizes online sales conversions by giving global buyers localized payment options. Trusted by over 50,000 merchants, 2Checkout supports transactions in 196 countries through 8 payment methods, 26 currencies, and 15 languages, forming one of the leading processors of online transactions in the world. The service is simple to implement, including a pre-integrated payment gateway, a merchant account, PCI compliance, international fraud prevention, and plug-ins for 100 of the most popular carts.

2CO is the authorized reseller for thousands of tangible or digital products and services. Established in 1999 and headquartered in Columbus, Ohio, 2CO provides turnkey e-commerce solutions to thousands of business customers around the world. 2CO’s proprietary technology supports back-office functions including financial reporting, tracking, fraud prevention, affiliate tracking, customer service and sales tracking. Since inception 2CO has maintained a steady and maintainable growth. The company’s approach is geared towards providing quality service to new and existing clients without feeling the need to expand at a rate that would sacrifice service to our clients.

5th Position ZENITH GLOBALPAY ediaro Review
Zenith Globalpay is a product of Zenith Bank Plc, allowing the Bank customers to receive local and International card payments on their website.

The Bank gateway has a niche market. According to a staff of the Bank, it’s better to get it right and minimise fraud
than to make it open to everybody. So the bank takes its time to do due diligence on customers before enrolling them on their platform. This is even more thorough when the customer is requesting for International card acceptance just like every other bank in Nigeria presently.

We interacted with some website developers and programmers who have done integration of Zenith Globalpay recently, they commend their team for giving good service delivery during the enrolment process, probably because of manageable customer base.PROS

Good customer setup process and technical support

Competitively priced setup fee

Support Local and International card acceptance

CONS

Monthly charge is discouraging for customers with international card acceptance

Customer verification, KYC and approval process for international card acceptance can be sometimes delayed

Make the transition from local business to global player with GlobalPAY, our online card processing platform that enables businesses with or without functional websites accept card payments from customers globally.

There are two ways to take advantage of GlobalPAY:

Direct Integration with Website: The payment gateway is integrated into your website enabling you receive card payments on the website from cardholders from any bank in Nigeria or internationally.

Storefront Page: A payment page is hosted for your business on the GlobalPAY Storefront at www.globalpay.com.ng.

Whichever approach is adopted, you will be able to receive payments from a wide variety of locally and internationally issued debit, credit and prepaid cards. This will ensure that your business can accept payments conveniently on its website from customers all over the world. Both the integrated payment gateway and the Storefront accept MasterCard, Visa and Verve cards. With GlobalPAY, your website will also have the functionality of accepting and monitoring mobile payments made via mobile phone.
An online log is available to view all transactions as they occur on your website.

Zenith Bank Plc Corporate Information
Zenith Bank Plc was established in May 1990, and commenced operations in July of the same year as a commercial bank. The Bank became a public limited company on June 17, 2004 and was listed on the Nigerian Stock Exchange (NSE) on October 21, 2004 following a highly successful Initial Public Offering (IPO). Zenith Bank Plc currently has a shareholder base of about one million and is Nigeria’s biggest bank by tier-1 capital. In 2013, the Bank listed $850 million worth of its shares at $6.80 each on the London Stock Exchange (LSE).

Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centres in all states of the federation and the Federal Capital Territory (FCT). In March 2007, Zenith Bank was licensed by the Financial Services Authority (FSA) of the United Kingdom to establish Zenith Bank (UK) Limited as the United Kingdom subsidiary of Zenith Bank Plc. Zenith Bank also has subsidiaries in: Ghana, Zenith Bank (Ghana) Limited; Sierra Leone, Zenith Bank (Sierra Leone) Limited; Gambia, Zenith Bank (Gambia) Limited. The bank also has representative offices in South Africa and The People’s Republic of China. The Bank plans to take the Zenith brand to other African countries as well as the European and Asian markets.

Zenith Bank Plc blazed the trail in digital banking in Nigeria; scoring several firsts in the deployment of Information and Communication Technology (ICT) infrastructure to create innovative products that meet the needs of its teeming customers. The bank is verifiably a leader in the deployment of various channels of banking technology, and the Zenith brand has become synonymous with the deployment of state-of-the-art technologies in banking.

Driven by a culture of excellence and strict adherence to global best practices, the Bank has combined vision, skillful banking expertise, and cutting-edge technology to create products and services that anticipate and meet customers’ expectations; enable businesses to thrive and grow wealth for customers.

Zenith Bank Plc, founded by Jim Ovia in 1990, has, since grown astronomically to become one of the leading financial institutions in Africa. Zenith Bank Plc currently ranks as the 6th biggest bank in the continent. The Bank grew its shareholder’s fund of N20million in 1990 to N509.25billion as at year end 2013. Today, the Bank continues to thrive on the strong values, brand equity, corporate culture of professionalism and service excellence which are the foundations upon which the bank was built.

6th PositionVOGUEPAY ediaro Review
Voguepay is a Nigerian online payment aggregator. The Gateway can process local and international Visa, Mastercard and Verve card. The setup process is faster as customers doesn’t have to go thru the Interswitch Certification process. The gateway has feature to accept recurrent billing which simplifies the payment process for both the customer and the merchant as the constant payment is automatically debited from the card at pre-defined time frame, a feature many Nigerian customers have been requesting for years.

Just like a standard payment gateway, Voguepay has a feature to auto-withdraw settled fund to merchant bank account. The Merchant can set a minimum and even maximum amount that can be auto withdrawn – to control limit funds auto-withdrawn and avoid paying higher withdrawal charges for multiple smaller transactions. This is an edge over other payment aggregators.

Voguepay has a feature that enables Merchants to display the paying currency for the customer at payment page – so merchant can choose to display Naira or United States Dollar. During our last review, it was impossible to change the display currency from Naira (NGN) to United States Dollar (USD), but now it’s possible.

PROS

Support Local and international cards

Support recurrent billing

Can display Naira and USD on payment page – so customers abroad can see their payment displaying USD when paying.

Comes with auto-withdraw to bank account feature

Has wallet Funds Transfer for local and international merchants

CONS

It’s a payment aggregator with higher risk than Banks and other payment gateways.

The transaction charge is higher at 2.5% compared with payment processors which are 1.5% with a cap of N2000.

The withdrawal charge of 1% + 120 Naira.

Voguepay setup fee is higher than Simplepay which is a payment aggregator

ABOUT Voguepay
VoguePay is a unique online payment processor whose vision is to offer buyers and sellers a secure and easy-to-use means of transacting business online.
VoguePay allows site owners to receive payment for their goods and services on their website without any setup fee.
VoguePay distinguishes itself from other online payment processors with its array of features that are guided by its core values:
Security
User Friendliness
Reliability
VoguePay aims at continuous improvement of its services and consistent introduction of new value adding features and maintenance/upgrading of existing ones.
We believe that receiving money on your website should be easy enough for anyone to implement, this explains why we have carefully created several tools to make integration of VoguePay into your site a snap.
VoguePay International is owned and managed by Vogue Web Solution.

7th Position Cashenvoy ediaro Review
Cashenvoy move upward from 8th position to 7th position in this year review. The company is acclaimed to be the First web payment aggregator in Nigeria. The company is owned by Electronic Settlement Limited. CashEnvoy can settle fund to customers account within 24hours.

CashEnvoy vision is to create the magical payment process that customers always want to pay with and merchants always want to receive payments with. It is worth noting that CashEnvoy is the only Nigerian Payment Aggregator/Processor accepted on Shopify. The company also has multiple security features on their gateway for theft – to safeguard the customer and merchant using the gateway to make payment.

Cashenvoy doesn’t charge for online different variants of cards – merchants can accept local and international – VISA, MASTERCARD, eTranzact and Interswitch cards. The company simplifies the setup process – by just receiving basic details and forms.

One of the things that capture our attention on their website is their amazing fee structure. Everything is Free for Business account, except to receive payments with comes at a competitive rate of 2.5% + N12.60 fee for a Nigerian payment aggregator presently.

The Business account features includes: Accept payment on your online store via debit cards, internet banking and CashEnvoy wallet, Receive payment and donations online with ease, Easy to use, with complete transaction records, No integration, withdrawal or subscription fees and Easily pay and settle other merchants on your platform.

FEESSend MoneyTo Business Account only – FreeMake PaymentsTo Business Account only – Free

Withdrawal Fund

FreeReceive Funds2.5% + N12.60

International Cards

Commission = 3.9% + ?2.60, maximum of ? 5000.Corporate Information
CashEnvoy is a payment service that allows businesses receive payment online. The payment platform commenced operations in November 2009. Websites that integrate with CashEnvoy can accept payment from all the major Nigerian debit cards, international Visa/Mastercards and also from the CashEnvoy wallet.

8th PositionSIMPLEPAY ediaro Review
Simplepay payment aggregator support merchants receiving payment from customers using their local and international cards. Cards supported includes Verve, MasterCard and Visa cards. The payment aggregator simplifies the setup process and enable merchants to avoid the hurdle of navigating the Interswitch certification process with no additional setup fee.

The company promise a smarter way to pay as customers doesn’t need to re-enter debit/credit card or address
information during payment to Simplepay Merchants; a system similar to PayPal. If you are interested in a refferal program that pays, Simplepay reward system was tested and they pay customers for sharing their refferal link; which later turn to consumated transaction.

When we contact some of their customers, they complain about the recent poor service delivery, delay and incomplete remittance of fund among others. When we engage the Management of Simplepay, they acknowledge that the ongoing challenge is true. But this is due to the ongoing upgrades on their entire infrastructure, certification, global expansion plan among others. Infact, the company is changing their entire website to www.simplepay.ng, unveiling of a new logo, new integration codes, corporate re-structuring among others. All these are what led to the current challenge. Simplepay promise that after the whole process, customers will get to enjoy the benefit.

PROS

Accept local and international cards.

Simplepay setup process is fast and easy. No need for Interswitch certification that takes long time to approve.

Wonderful refferal reward earning reward points. Customer can redeem the point and convert to Naira, afterwards – withdraw the point to their Bank account.

CONS

Simplepay promise good support via email, support ticket and telephone. Unfortunately, this is not the case. The ticket support page link to we couldn’t find support.simplepay4u.com, there is no telephone number on the site and it takes so long to respond to customer queries via email – so their customer service is awful.

Customer complain that the transaction charge is higher than what’s agreed. When we engage them via email, their customer support team Comfort called to apologise and assure us the error will be corrected. But unfortunately, when we contact the customer to verify this, they argue it’s not yet refunded.

The system keeps debiting customers card severally for transaction charges once the submit button is clicked, this leads to so many complains.

The amount credited is lesser than amount withdrawn, all efforts to fix is not successful.

The system only allow N100,000 (One Hundred thousand naira) per withdrawal. With this, a customer withdrawing above that will have to do this multiple times and pay withdrawal charges several times as their customer complained about. So the charges are much higher if you are doing huge transactions

Redeeming points has to be done severally, this takes more time to withdraw. Unfortunately, when the fund is withdrawn to account, the total sum expected is not credited. When contacted to reconcile and refund the outstanding balance, no response was heard from them.

Withdraw Funds – Transfer money to your linked bank account – ?300.00 per transaction.
SMS Charges – N2
Receive Money – 1.00% plus N10.00 per transaction.SimplePay Corporate Information
SimplePay allows any business or consumer with an e-mail address and a bank account to securely, conveniently and cost-effectively send and receive payments online or through their mobile phone. Our network provides a global, real-time merchant transaction processing solution. SimplePay for merchants is ideally suited for small businesses, online merchants, individuals, and others currently under served by traditional payment systems. SimplePay personal accounts are great for anyone who hates standing in line, going to the bank, or carrying cash with them everywhere.

SimplePay was Founded 2013. Started operations in 2014 in Abuja, Nigeria. We just received funding from Seedstars, a Swiss-based venture builder, and are now poised for explosive growth throughout Nigeria.

9th Position UBA UCOLLECT ediaro Review
UBA UCollect is the official online payment gateway of United Bank for Africa Plc, allowing their corporate customers to receive online payment from customers using their local and international Visa and MasterCard.

The gateway technically simplifies the process by enabling merchants receive payments without the usual stress of Interswitch certification. Also when customers want to pay, the Merchant, they don’t need to enter the usual OTP password sent to phone or email before a transaction is authorised. This makes the payment process easier and faster for both stakeholders, amazingly the gateway is deployed FREE of charge.

Unfortunately, UBA UCollect slide back from 2nd Position in 2014 to 8th position in 2015. Many factors accrue to this including, this includes rapidly declining customer service for UBA UCollect, slow resolution of customers issues, deactivating customers from UCollect payment processing without informing the Merchant, cumbersome setup process and even delay of customer application for UBA UCollect without any reason given to the customer (especially when customer select local and international card acceptance). As a matter of fact, no customer we are aware of get approved for international card acceptance for UBA Ucollect.

In addition, this is further worsened by the new bank policy which makes running UBA UCollect more unappealing, even for existing customers having UCollect. The Bank sent a email requesting that all Web merchants (except top corporate) should be disabled until they have been evaluated in line with UBA Merchant Acquisition and Evaluation framework, though they’ve started deactivating accounts as at the time of going to press. Hence, the bank is requesting for so many irrelevant documents; which obviously is discouraging. All this constant changes complicated changes are unnecessarily making using UBA UCollect impossible to operate for a merchant.PROS

Support local and international cards

Can display NGN or USD and settle the fund to different accounts – Naira of United States dollar

No need for OTP code sent to email or phone as the gateway is not powered by Interswitch

Free deployment to customers

CONS

UBA UCollect deactivated all international merchants, without informing them – which accrue to loss Merchant expecting clients to pay using their card online.

The bank International card acceptance process has become almost impossible with so many customers opening account but tossed around from Branch to branch, without approving their international card acceptance process. Majority have to abandon the UCollect process, to opt for alternative.

UBA UCollect document requirement is much cumbersome and complex.

Customer service is awful and response speed is slow in resolving UBA UCollect issues.

UBA UCollect claim to support VISA, Verve, MasterCard and e-Tranzact on the Bank website. Unfortunately, the gateway does not support Interswitch Verve cards (which is the indigenous and widely used card option in Nigeria).

About UBA UCollect
U-Collect is a Consolidated Internet Payment Gateway Solution which integrates multiple payment solutions available in Nigeria – VISA, Verve, MasterCard and e-Tranzact.
Doing online business or e-commerce in the African market is plagued with so many risks to both merchants and consumers due to the sudden large amount of scams, identity theft, and fraudsters. U-Collect is a solution which allows merchants to accept card payments from customers who desire to do online purchases using their various cards. It is a gateway that connects merchants, cardholders, and financial institutions, offering the assurance of secure transactions and timely payments .

Features

Simplified integration processes

Possible integration with corporate core business application if required.

Transaction cost: There is a transaction cost of 1.5% / Transaction (subject to a maximum of N2, 000

United Bank Plc (UBA) Corporate Information

United Bank of Africa (UBA) Plc is the West Africa’s largest banking and financial services group as measured by asset base, number of customers, branch network and profitability. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking and transaction processing services. The bank employs more than 17,000 staff (Core and support) who serve their over 6 million personal, business, public sector and institutional customers through their offices in Nigeria, Ghana, Cameroon, Cote d’ Ivoire, New York, London and the Cayman Island.

As a leading player in the African financial services sector, the banks aspiration is to fly the flag of African excellence within the global financial community and to be a role model to other African businesses. The United Bank of Africa (UBA) Plc has largely been a Nigerian and West African Bank. As the largest financial services company (by balance sheet size, branch network, customer base and profitability) in West Africa and the biggest listed company in Nigeria (by market capitalization, December 2007), the group has been recognized as a leader within the financial services industry in the region and a key driving force of the region’s economic development. UBA now has presence in seven African countries, spanning West, Central and East Africa, with main operations in Nigeria and Ghana, two of the most vibrant economies of Africa.

Today’s United Bank for Africa Plc (UBA) is the product of the merger of Nigeria’s third (3rd) and fifth (5th) largest banks, namely the old UBA and the erstwhile Standard Trust Bank Plc (STB) respectively, and a subsequent acquisition of the erstwhile Continental Trust Bank Limited (CTB). The union emerged as the first successful corporate combination in the history of Nigerian banking.

UBA’s history dates back to 1948 when the British and French Bank Limited (“BFB”) commenced business in Nigeria and the erstwhile STB and CTB both in 1990. Following Nigeria’s independence from Britain, UBA was incorporated in 1961 to take over the business of BFB. Although today’s UBA emerged at a time of industry consolidation induced by regulation, the consolidated UBA was borne out of a desire to lead the domestic sector to a new era of global relevance by championing the creation of the Nigerian consumer finance market, leading a private/public sector partnership at supporting the acceleration of Nigeria’s economic development, and growing the institution from a banking to a one-stop financial services institution, while spreading its footprints across Africa to earn the reputation as the face of banking in the continent.

Today, United Bank for Africa Plc, is one of Africa’s leading financial institutions offering universal banking to more than 7.2 million customers across 700 Business Offices in 19 African countries. With presence in New York, London and Paris, UBA is your partner for banking services for Africans and African related businesses globally.

10th Position REMITA ediaro Review
Remita is an electronic payment platform developed by SystemSpecs Limited, it enables Merchants and Customers to receive and make payments. Remita support multiple card variants includes: Verve, Visa, MasterCard, Unionpay a compliment to revolutionise Nigeria payment industry. Remita advise that their platform can accept International Cards but they are yet to commence. A new customer can begin accepting payment online with Remita within five (5) working days once integration is completed.

Remita presents you with a “Push” and a “Pull” model to receive funds. The Push model empowers you to push an e-Invoice to your payers to empower them to pay you easily electronically. The “Pull” model empowers your payers to either visit your website and click a “Remita-Pay-Now” button or select you as a beneficiary at remita.net. Either way, they would be requested to complete a pre-defined form requesting for their details before proceeding to pay you easily electronically.

Remita, is an award winning Software company which has received award from the Central Bank of Nigeria, Nigerian ICT Centenary Awards, Beacon of ICT awards (Nigeria Communications Week). From our investigation, their customers includes: University of Abuja, Department of Petroleum Resources, Vconnect, Manufacturers Association Nigeria, National Open University of Nigeria, Corporate Affairs Commission among others.

According to the Remita, security of transactions shouldn’t be a problem as there are multi-level security and control features on the platform. Such as: Application Secured server, Data encrypted (at rest and during transmission), multi-layer authentication features, authorization check and balance, pre-defined approval workflows (up to ten levels) and user validation (at the point of initiation and up to remittance). It’s also stated that they have a comprehensive multi-party and multi-channel transaction real-time monitoring, screening and reporting structure (inclusive of the above security features) e.g. No single person can initiate and finalize a single transaction on the platform. A combination of soft and hard tokens, biometric authentication and multiple approval levels among other security and control features are natively built into the system.

The platform is currently adopted by the Central Bank of Nigeria for the payment and collections of funds on behalf of the Federal Government of Nigeria. Recently, the company gateway has been making headline on virtually all National dailies, Televisions, Radios, blogs, online forums and even Nigerian Senate for the partnership with Federal Government and their receipt of 1% as transaction charges for the Treasury Single Accounts (TSA).PROS

Support multiple card variants – Verve, MasterCard, Visa, Unionpay.

It support China Unionpay

It’s additional transaction charge of 2% is cheaper than many payment processors fee in Nigeria

No withdrawal fee, Admin fee and Activation fee

CONS

We attempted testing the Visa card option, but it was rejected

Minimum of N100 per transaction is higher than bank gateways whose charge is 1.5% flat on the average

Remita (SystemSpecs Limited) Corporate Information
Remita is an e-Payments and e-Collections solution on a single multi-bank platform.
Today, Remita is in use by many individuals, public and private sector organisations that process over 500 Billion Naira worth of transactions on a monthly basis.
Adopted by the Central Bank of Nigeria for the payment and collections of funds on behalf of the Federal Government of Nigeria and used by all 22 commercial banks and over 400 micro finance banks, Remita has significantly assisted to revolutionize the e-payment industry in Nigeria.
Remita also comes with an optional Payroll and HR solution for full integrated processing.

Remita, developed by SystemSpecs, and voted many times as Nigeria’s Software of the Year, is indeed a success story and a pride to Africa.

What Can Remita do for You?
Make Payments from All Your Accounts in All Banks on a single platform
Receive Funds through Debit/Credit Cards, Branches of all Banks Nationwide, etc
Automate your Payroll and deliver Payslips to all Staff
Who Can Use Remita?
Individuals to manage their personal finances
Public and private sector organisations of any size, structure and complexity.
Website: www.remita.net

About ediaro.com

ediaro.com, a Proudly Nigerian, Truly International company has established itself as a industry leading ecommerce website development company. Our highly professional and flexible ecommerce platforms enables businesses to easily build and manage rich, multi-store and multi-device ecommerce websites with a significantly higher ROI. ediaro.com is trusted by leading National brands including Arts of Nigeria, Makinde Motors, Rosehill Group, Chartered Institute Customer Relationship Management (CICRM), Asokoro Island Limited, Association of Environmental Impact of Nigeria, and other companies worldwide – see our customer testimonials here.

If your concept is a means of making continuous residual income thru online membership website, ediaro eMembership is a custom built solution that manages online membership registration, members records, renewal (email & SMS alert),restrict contents access,ecommerce,hotel & event booking,donation,card payment, forum etc.It is designed to compliment existing professional associations, clubs and society process to make them successfull or work as a standalone online membership site.

It all starts with the quality infrastructure – ediaro.com partners with some of the best, tested and trusted companies across the globe to provide you with the reliability and performance needed for ecommerce store. Our ecommerce web servers support many merchant account services. You can even get a great deal by buying service packages directly from us. And, if you ever require support, our team of skilled technicians are available to assist when you need them.

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About Fladio International Nigeria Limited

For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individuals, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America.

Contact

Telephone: (+234) 080-9502-9999

For over 5 years ediaro.com (a member of Fladio International Nigeria Limited) has provided web solutions, digital payment setup and integration and advertising for public and private sectors. Our main division is Computer and Information Technology. Thanks to our flexible approach towards the development of new solutions, we have often been at the inception of digital revolution and incorporating the most recent technologies. When you partner with ediaro.com, you are associating with one of Africa's best company for your ICT needs, we are the 1st Nigerian Company listed on the Economic Community for West African States (ECOWAS) ECOBIZ computer session in 2010. Focusing on quality, reliability and design of our products and services has brought us customers and partnership with local and Multinational Companies such as United Bank for Africa Plc (UBA), Interswitch Limited, Stanbic IBTC Bank Plc among others. Our current customer portfolio covers individual, companies and Government agencies across the globe including Nigeria, India, United Kingdom, Mozambique and United States of America. read More>>